San Francisco Development Report-March 2016

News & Highlights

  • The resale price per square foot is above $1,000 for the first time since December 2015.
  • 60% more resale condominiums on the market in March VS February.
  • 450 Hayes is almost completely sold while the 4th floor penthouses are priced at $1,700 per square foot.
  • Sales have commenced at The Pacific Row House Collection with 5 of 10 units  already in contract.
  • Sales set to launch this month for 388 Fulton and 69 units in Hayes Valley.
  • 5 market-rate units remain available at 1001 17th in Potrero Hill.
  • More unit closings were released for Arden in Mission Bay with a price per square foot average of $1,015.
  • Initial closings for Lumina Tower B have been released with a price per square foot of $1,170.

Market Performance

Residential Pipeline Summary

Projected & Historical Supply

If you are interested in a private showing of one of the many properties on the market in San Francisco or if you have a unit you are looking to list, contact The Costa Group.